FREE Business Education Basic Question and Answers

Question 1

True or False: Planning is one managerial position in the company process.

Accepted Answer

True

Answer

False

Question 2

What would you call a management style that is authoritarian or controlling?

Accepted Answer

A manager who likes to make all decisions by him/herself

Answer

A manager who involves employees in decision making

Answer

A manager who asks staff for feedback before making a decision

Answer

None of the above

Question 3

What characteristics best describe a flexible (or laissez-faire) manager?

Accepted Answer

a manager who abstains from making decisions and instead defers to the employees

Answer

a manager who values two-way communication with staff members—from management to staff and back up to the manager.

Answer

a manager who seeks to benefit the firm and staff as a result of decisions taken while involving employees in the decision-making process.

Answer

none of the above

Question 4

What is a democratic management style like?

Accepted Answer

A manager who involves staff in decision-making and seeks to advance both the company and staff as a result of those decisions

Answer

A manager who speaks "downwards" to staff while establishing the company's objectives

Answer

A manager who likes to make all the decisions

Answer

none of the above

Question 5

What is Planning?

Accepted Answer

A management position where procedures are designed to achieve organizational goals

Answer

A process of controlling the assets of the business

Answer

Where management directs employees on "what to do."

Answer

None of the above

Question 6

True or False: A plan is a suggested strategy to utilize in order to accomplish the organization's goals and objectives.

Accepted Answer

True

Answer

False

Question 7

What is Strategic planning?

Accepted Answer

Long term planning

Answer

Short term planning

Answer

None of the above